India’s Grants and Investments in Africa

Abstract

In the contemporary era, the world has become integrated and multi-polar. In this process, many emerging economies and developing countries have shifted their economic interest from west to east and north to south. It has built the ‘rise of the south’ and expanding south–south economic collaboration, most importantly in trade and investment. India and Africa had cordial ties throughout the centuries; especially during the period of cold war era and in the fight against the colonialism and imperialism. During this period, both the regions have played an important role to protect and promote their mutual benefits. In this sphere, we can also see that the geographical state of affairs has played an important role to bridge the gap between the two regions. The contemporary period of liberalization, privatization and globalization has eliminated the boundary and space between the regions. In such a situation, it is significant to study the relations between the emerging economies—India as a ‘country’ and Africa as a ‘continent’ in terms of trade and investment. This article has tried to examine the nature of economic relations between the two regions and in this process, it has tried to track out the challenges and opportunities which are available in front of these two regions. This article has also evaluated the initiatives taken by both the regions.